US firm to conduct airborne survey for oil & gas in Lebanon

Lebanon: A United States firm, NEOS GeoSolutions, will conduct an airborne survey of Lebanon to determine if the country has potential onshore oil and gas wealth. The announcement came after Energy Minister Gebran Bassil and the general manager of NEOS Geosolutions MENA, Frank Jreij, signed an agreement at the Energy Ministry. The project, which is completely underwritten, is being executed under a multi-client licensing model with the full support of both the Lebanon Ministry of Energy and Water and PetroServ, NEOS’s local partner.

“Our neoBASIN survey has been designed to map the regional prospectivity of northern Lebanon by integrating legacy well and 2D seismic data with newly acquired airborne geophysical datasets. Among other things, our geoscientists will work with the programme’s underwriters to identify the relationships among key geologic features that extend into the survey area from offshore structures and from Syria’s onshore petroleum systems, as well as to efficiently highgrade acreage across the survey area in order to support future leasing, drilling, and G&G investment decisions,” said Jreij.